WAWASHKAMO GOLF CLUB (EIN 361936715) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1932

Legal Domicile

Principal Officer

GASPARE CALANDRINO

Phone

9068473871

Tax Period

2024-01-01 to 2024-12-31

WAWASHKAMO GOLF CLUB, founded in 1932, is a small nonprofit in the Arts, Culture & Humanities sector that reported $799K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $308K, a strong 39% operating margin.

Mission

WAWASHKAMO GOLF CLUB IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. THE PURPOSE OF THE CORPORATION IS TO PRESERVE THE UNIQUE CHARACTER AND GROUNDS OF THE HISTORIC WAWASHKAMO GOLF COURSE ON MACKINAC ISLAND, MICHIGAN, TO INFORM, EDUCATE AND ENLIGHTEN THE PUBLIC REGARDING THE HISTORICAL SIGNIFICANCE OF THE PROPERTY AND TO ENGAGE IN ACTIVITIES RELATED TO THE FOREGOING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $514,519

Program Service Revenue $276,816

Investment Income $954

Other Revenue $7,079

TOTAL REVENUE $799,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $231,323

Fundraising Expenses $0

Program Expenses $468,301

Other Expenses $260,205

TOTAL EXPENSES $491,528

Year-over-Year Comparison

	2024	2023	Change
Revenue	$799,368	$1,039,450	-0.2%
Expenses	$491,528	$459,620	+0.1%
Net Income	$307,840	$579,830	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GASPARE CALANDRINO	PRESIDENT	4.00	Officer Director	$0	$0	$0
PHIL PORTER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KELLY RAYMENT	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK FLEISCHER	TREASURER	3.00	Officer Director	$0	$0	$0
JOEL HANCOCK	DIRECTOR	1.00	Director	$0	$0	$0
TODD CALLEWAERT	DIRECTOR	1.00	Director	$0	$0	$0
RON STEENSMA	DIRECTOR	1.00	Director	$0	$0	$0
STEVE RILENGE	DIRECTOR	1.00	Director	$0	$0	$0
PETE PELLERITO	DIRECTOR	1.00	Director	$0	$0	$0
PAT MCTIGUE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW DOUD	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$799,368	$491,528	$1,408,921	$307,840
2023	$1,039,450	$459,620	$977,370	$579,830
2022	$429,907	$367,218	$348,076	$62,689
2021	$448,341	$333,704	$301,599	$114,637
2020	$398,700	$314,046	$201,024	$84,654
2019	$282,920	$292,375	$102,582	$-9,455
2018	$43,861	$93,236	$106,139	$-49,375

WAWASHKAMO GOLF CLUB